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Updated RecentlyTim Hortons vs Presse Cafe Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Tim Hortons vs Presse Cafe including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $135,300 - $2,068,500 | $200,000 - $400,000 |
| Franchise Fee | $35,000 | $35,000 |
| Royalty Fee | 4.5% | - |
| Advertising Fee | 4% of Gross Sales | - |
| Year Founded | 1964 | 1996 |
| Year Franchised | 1965 | 1996 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | *An entrepreneurial drive and ability to build a high performing team. *Prior management experience. Experience in food service and/or restaurant operations is a plus. *A lifestyle that allows for the time commitment required to launch and build a franchise restaurant. *Net worth of $500,000 and liquidity in the amount of $300,000 (The full investment from a Tim Hortons could be over $1,600,000) *A personal passion and commitment to the development of the Tim Hortons brand. *Ability to exemplify and execute the Tim Hortons principles and standards of operation on a daily basis. *Understand the importance of being a community partner that is proud to represent Tim Hortons. | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | -/- |
| Start-up Costs | No/No | -/- |
| Equipment | No/No | -/- |
| Inventory | No/No | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training | New franchisees undergo an intensive seven week training program at the Tim Hortons University, located next to the Oakville, Ontario, head office. The facility includes classrooms and a fully operational Restaurant, providing trainees with intensive hands-on experience in the preparation of all Tim Hortons products. Strong emphasis is placed on food handling and hygiene procedures, Team Member relations, equipment maintenance and in-Restaurant security systems. * Seven (7) week training program in the Oakville, Ontario, at Tim Hortons University * A Restaurant opening crew/Manager of Operations Standards (MOS) to assist the opening of the Tim Hortons Restaurant (for a maximum period of two weeks) | - |
| Support | * The use of all Tim Hortons Manuals * Support from head office personnel who have vast knowledge in the food service business | - |
| Marketing | Ad slicks, Regional advertising | - |
| Operations |
58% of all franchisees own more than one unit Number of employees needed to run franchised unit: 25 - 30
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | No | - |
| International Expansion | Yes | Yes |
Company Overviews
About Tim Hortons
The total investment necessary to begin operation of a Co-Branded Restaurant franchise under a Franchise Agreement (excluding real property) ranges from $695,500 to $1,837,400 for a newly-built Co-Branded Restaurant and from $135,300 to $219,600 for a Tim Hortons restaurant that is renovated to become a Co-Branded Restaurant. This includes $466,000 to $686,500 for a newly-built Co-Branded Restaurant and $5,500 to $177,600 for a Tim Hortons restaurant that is renovated to become a Co-Branded Restaurant that must be paid to the franchisor or an affiliate.
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About Presse Cafe
Are you dynamic and ambitious? Have you been dreaming of managing your own business, enjoying an interesting income and the advantages of being an entrepreneur? Presse Cafe undoubtedly offers you the opportunity to do so. Here is a brief overview of what acquiring a Presse Cafe means in terms of investment, value and support: * Average cost of a Presse Cafe franchise: between $200,000 and $400,000 * Minimum investment required: 35% of the project's cost * Franchise fee: $35,000 * Detail of the Franchise Fee: * The right to use the Presse Cafe name and logo * Assistance with the site selection * Assistance with the lease negotiations * Preparation of a personalized business plan * Assistance with the financial procedures * Preparation of legal documents * Assistance with the elaboration of the accommodation plan * Equipment order * Training of the franchisee and his team on sales, management, and operational methods pertaining to the exploitation of the Presse Cafe branch. * Promotional plan and assistance with the opening of the branch. * Assistance and presence during the first weeks of operations. If you have other questions or if you wish to schedule an appointment with us to discuss business opportunities offered by Les Cafes V.P., please do not hesitate contacting Mr. Rene Rivard by email at [email protected] or by phone at 1 888 395 2354 extension 229. Do not forget to leave your name and address. He will be more than glad to assist you and to answer to all your questions.